The Portuguese land in modern day Brazil and claim the area for the Portuguese crown.
The son of the Portuguese king declares independence from Portugal and crowns himself Peter I, Emperor of Brazil.
The existing monarchy is overthrown and a federal republic is established with a central government controlled largely by coffee interests.
President Joao Goulart is ousted from power and the military assumes power. Under military rule Brazil experiences rapid economic growth based on state-ownership of key sectors.
The first civilian president in 21 years is elected under the electoral college system set up by the military.
The International Monetary Fund (IMF) provides a rescue package after Brazil’s economy is hit hard by the collapse of Asian stock markets.
The government agrees to review a seven year, $40 billion government program, that will involve building roads, railways, housing, and hydroelectric systems in the Amazon basin.
Brazil’s currency hits an all-time low and financial markets panic in anticipation of the first left-wing president and government elected in the last 40 years.
Brazil offers $10 billion to IMF to help improve the availability of credit in developing countries.
Brazil approves construction of a controversial hydroelectric dam in the Amazon rainforest.
The government launches a welfare program called Brasil Sem Miseria (Brazil Without Poverty) that aims to lift millions out of extreme poverty.
To safeguard against future global financial crises, Brazil and China sign a currency swap deal.